National Pension Service grew its holdings in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 2,501.2% during the 2nd quarter, Holdings Channel reports. The firm owned 104,049 shares of the technology company’s stock after buying an additional 100,049 shares during the period. National Pension Service’s holdings in Lumentum were worth $89,280,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of LITE. California State Teachers Retirement System raised its position in shares of Lumentum by 112,343.2% during the 2nd quarter. California State Teachers Retirement System now owns 92,237,160 shares of the technology company’s stock worth $79,145,018,000 after purchasing an additional 92,155,130 shares during the last quarter. Jupiter Topco LLC acquired a new stake in Lumentum during the 2nd quarter valued at $1,621,396,000. Arrowstreet Capital Limited Partnership grew its holdings in Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after buying an additional 1,545,199 shares during the last quarter. Norges Bank purchased a new position in Lumentum during the fourth quarter worth $474,495,000. Finally, Value Aligned Research Advisors LLC purchased a new position in Lumentum during the fourth quarter worth $432,062,000. 94.05% of the stock is owned by hedge funds and other institutional investors.
Lumentum Price Performance
Shares of NASDAQ LITE opened at $927.03 on Friday. Lumentum Holdings Inc. has a fifty-two week low of $144.52 and a fifty-two week high of $1,085.68. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The firm has a market cap of $83.15 billion, a PE ratio of -11.28 and a beta of 1.53. The business has a 50 day moving average price of $829.50 and a two-hundred day moving average price of $827.28.
Lumentum News Summary
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: AI data-center demand remains the main catalyst. Lumentum is benefiting from the shift from copper to fiber optics, record 800G transceiver shipments and tight supply of EML lasers. Analysts see significant growth potential as customers increase spending on high-speed optical infrastructure, particularly from 2027 onward. Lumentum: Why 2027 Will Be a Game Changer
- Positive Sentiment: Recent financial results and guidance were strong. Lumentum’s latest quarterly revenue reached approximately $1.01 billion, while adjusted EPS of $3.23 exceeded the $2.97 consensus estimate. Revenue more than doubled year over year, and first-quarter fiscal 2027 EPS guidance of $4.05 to $4.35 supports expectations for continued earnings momentum.
- Positive Sentiment: Analyst and institutional interest remains supportive. LITE has been highlighted as an AI infrastructure “buy zone” stock, and the analyst consensus remains “Moderate Buy,” with an average price target above the latest reported trading level. Institutional investors and hedge funds own approximately 94% of the shares. Top Funds Bet Billions As This AI Stock Lights Up a Buy Zone
- Neutral Sentiment: Competitive risks are increasing. Applied Optoelectronics is expanding 800G and 1.6T optical capacity as AI networking demand rises, highlighting the intensifying competition Lumentum faces in a rapidly growing market. AAOI’s Optical Networking Demand Rise
- Negative Sentiment: Repeated insider selling may be weighing on sentiment. Insider Yuen Wupen sold 500 shares for approximately $481,000 on September 10 and another 500 shares for about $448,000 on September 8. The trades were made under a pre-arranged Rule 10b5-1 plan and represent only 0.43% of the insider’s holdings per transaction, limiting their significance but still signaling profit-taking at elevated prices. Lumentum Insider Sale
Insider Transactions at Lumentum
In other news, CEO Michael E. Hurlston sold 548 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $958.66, for a total value of $525,345.68. Following the transaction, the chief executive officer directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 1,500 shares of Lumentum stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the transaction, the insider directly owned 100,434 shares of the company’s stock, valued at $83,141,273.88. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 66,147 shares of company stock valued at $56,741,571. Company insiders own 0.43% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on LITE. Northland Securities upped their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Raymond James Financial reiterated an “outperform” rating and set a $1,036.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. UBS Group set a $820.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,053.83.
View Our Latest Stock Analysis on Lumentum
Lumentum Profile
Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.
The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.
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Want to see what other hedge funds are holding LITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lumentum Holdings Inc. (NASDAQ:LITE – Free Report).
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